Banking Question

[Sub Atomic]

Hi there.

I just found out that my bank took all of my money out of a joint account and closed the account without my prior knowledge or approval.

Apparently my ex (whom I still have a joint account with for bills he owes) had a problem with his account.

The bank closed his account, took all of my money (I have the transfer receipts from my personal account) and closed the joint account.

I've called the bank and they're going to look into why this happened.

Other than that, what legal recourse do I have against the bank for essentially 'stealing' my money?

Thanks

[steve2470]

1. Other than a lawsuit or going to the police....

Contact your state agency that regulates banks. Also, the Comptroller of the Currency in the fed. govt. Just google that agency and you'll get the contact info.

http://www.occ.treas.gov/ = here it is

[Sub Atomic]

2. thanks

[TahitiNut]

3. Everything in a joint account can be attached ...

... by a creditor of EITHER person, and the other person has nothing to say about it.

[steve2470]

4. You're right, TahitiNut. I didn't see that key word, "joint"

Sorry guy or gal, you are out of luck.

[jaysunb]

5. You are most certainly correct...

my wife still mentions it when I want to have sex with her, and it happened over 12 years ago. $4,100. of her savings.:evilgrin:

[aePrime]

7. No, no

From what I gather, the ex had two accounts, and he closed the non-joint account, and the back closed the joint account as well.

[TahitiNut]

8. He MAY have listed the joint for overdraft 'protection'

The 'other account' MAY have been a line of credit account. There's not enough information to say. Thus, the FACT is that a creditor can attach 100% of the assets in which the debtor has joint ownership -- and when that creditor is the bank itself (conjecture!), the attachment proceeds at the speed of light.

[nosmokes]

6. you might be able to make a case for getting 1/2 back

but other than that you're SOL. good luck.

[VPStoltz]

9. Contact your state's Attorney General's office pronto!

The longer you wait the more manipulation the bank can do to the account.